debt
confidence high
sentiment neutral
materiality 0.30
Nissan Auto Receivables 2025-A closes $1.5B asset-backed note issuance
NISSAN AUTO RECEIVABLES Co II LLC
- Issued $342.8M Class A-1, $339.6M Class A-2a, $185M Class A-2b, $524.5M Class A-3, $85M Class A-4, and $23.1M Class B notes.
- Aggregate principal amount of $1.5B sold to underwriters including BNP Paribas, Mizuho, U.S. Bancorp, BofA, Citigroup, MUFG, and Wells Fargo.
- Proceeds used to purchase retail auto installment sales contracts on new, near-new, and used vehicles from Nissan Motor Acceptance Company.
- Closing date May 27, 2025; notes issued under Indenture dated same day.
- Transaction structured as a true sale to Nissan Auto Receivables 2025-A Owner Trust with servicing by NMAC.
item 1.01item 9.01